Brief A Jobs Plan We Can Afford
Robert I. Lerman
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This brief lays out a feasible, cost-effective strategy for job creation.It would create 4 million new jobs at a budget cost of less than $60 billion and is far more affordable and effective than President Obamas $448 billion proposal to create up to 2.1 million jobs.Lermans five plan components include expanding energy development, increasing demand for owner-occupied housing through homeownership vouchers and refinancing, a generous tax credit for expanding employment, an expansion of apprenticeship training, and direct job creation.These components would likely stimulate enough jobs to reduce the unemployment rate from 9.1% to 5.5%.
Research Areas Economic mobility and inequality
Tags Fiscal policy Unemployment and unemployment insurance